Far Northern Resources (ASX:FNR) has returned 1m @ 425.5 grams per tonne gold (Au) from hole FNRBCDD004 as part of a recently completed drilling program at the Bridge Creek Project in the Northern Territory.
The company says this represents its ‘best’ intersection drilled to date at Bridge Creek on a gram-metre basis.
Hole FNRBCDD004 also intersected 4m @ 110.06g/t Au from 16m on the northwestern margin of the Bridge Creek Central deposit.
Results from all six holes will feed into an updated mineral resource estimate (MRE) for the project, which is expected in Q1 2027.
Bridge Creek currently hosts 93,000 ounces of gold, comprising 76,000 ounces at the Bridge Creek Central deposit and 17,000 ounces at the Bridge Creek South deposit.
Managing Director Cameron Woodrow says returning 425.5g/t Au over 1m from just 16m downhole is an ‘outstanding’ result for the project.
He also adds that hole FNRBCDD006, which returned 60m @ 2g/t Au “through the centre of the deposit”, is an equally important result.
“It confirms the continuity of mineralisation in the core of Bridge Creek Central, and these results will feed directly into the update of our […] Bridge Creek resource in early 2027,” Woodrow says.
“Our immediate priority is follow-up drilling to determine whether the FNRBCDD004 high-grade zone continues along strike, down-dip, and to the northwest.”
The six-hole diamond drilling program gathered core samples to test density, geotechnical, metallurgical, and waste rock characteristics for the deposit.
More about Bridge Creek
The Bridge Creek Project comprises three granted mining leases situated within the Pine Creek Geosyncline.
Far Northern Resources has proposed to undertake a substantial exploration and development program at Bridge Creek. Work will include drilling to upgrade inferred resources to indicated, as well as extend mineralisation along strike and at depth.
With an updated MRE, the company says it may be possible to progress to mining studies such as pit optimisations.
This can also include associated work to progress Bridge Creek to an ore reserve should the drilling results and mining studies prove successful. Key workstreams may include hydrogeological and geotechnical studies for final pit designs.
Additional metallurgical testwork will also be required to finalise optimal processing routes.
Far Northern Resources is a gold and base metals explorer, owning three projects across North Queensland and the Northern Territory.
Write to Aaliyah Rogan at Mining.com.au
Main image: Far Northern Resources
